Build Ventures logo

Build Ventures

North America, Nova Scotia, Canada, Halifax

Description

Build Ventures is a prominent venture capital firm strategically located in Halifax, Nova Scotia, with a dedicated focus on fostering the growth of early-stage technology companies across Atlantic Canada. Established to address the capital needs within this specific region, the firm plays a crucial role in developing the local innovation ecosystem by providing essential funding and strategic guidance to promising startups. Their commitment extends beyond mere capital injection, aiming to build a robust portfolio of high-growth companies that can significantly contribute to the economic prosperity of the Atlantic provinces.

The firm manages two distinct funds, underscoring its long-term commitment to the region. Build Ventures Fund I, launched in 2013, commanded a capital pool of CAD 35 million, which was instrumental in kickstarting their investment activities. Following its success, Build Ventures launched Fund II in 2019, securing an additional CAD 40 million. This combined capital base allows them to support a diverse range of technology sectors, including B2B software, SaaS, fintech, and deep tech, targeting companies that demonstrate strong potential for scalability and market disruption.

Build Ventures typically targets initial investments ranging from CAD 1 million to CAD 5 million, positioning them as a key partner for Series A and later-stage rounds for promising ventures. They are known for their hands-on approach, offering portfolio companies not just financial backing but also strategic advice, access to networks, and operational support to navigate the challenges of rapid growth. Their investment philosophy emphasizes long-term partnerships, often participating in follow-on rounds to support their portfolio companies through subsequent growth milestones, thereby maximizing their potential for success and regional impact.

Investor Profile

Build Ventures has backed more than 21 startups, with 4 new investments in the last 12 months alone. The firm has led 8 rounds, about 38% of its total and boasts 4 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Series B rounds (top funding stages).
  • Majority of deals are located in Canada, United States.
  • Strong thematic focus on Software, Machine Learning, SaaS.
  • Led 2 rounds in the past year.
  • Typical check size: $730K – $3.6M.

Stage Focus

  • Seed (48%)
  • Series A (29%)
  • Series B (14%)
  • Series C (5%)
  • Series Unknown (5%)

Country Focus

  • Canada (81%)
  • United States (19%)

Industry Focus

  • Software
  • Machine Learning
  • Saas
  • Apps
  • Information Technology
  • Artificial Intelligence (Ai)
  • Cyber Security
  • Aerospace
  • Agriculture
  • Analytics
circle-line
FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Build Ventures frequently co-invest with?

Techstars
North America, Colorado, United States, Boulder
Co-Investments: 2
Concrete Ventures
North America, Nova Scotia, Canada, Halifax
Co-Investments: 4
Flying Fish Partners
North America, Washington, United States, Seattle
Co-Investments: 2
GrowthWorks Atlantic Venture Fund
North America, Manitoba, Canada, Winnipeg
Co-Investments: 3
Rho Canada Ventures
North America, New York, United States, New York
Co-Investments: 5
New Brunswick Innovation Foundation
North America, New Brunswick, Canada, Fredericton
Co-Investments: 7
BITKRAFT Ventures
North America, California, United States, San Francisco
Co-Investments: 2
HBSE Ventures
North America, New York, United States, New York
Co-Investments: 2
East Valley Ventures
North America, New Brunswick, Canada, Saint John
Co-Investments: 3
NaHCO3
North America, California, United States, Los Angeles
Co-Investments: 2

Which angels does Build Ventures often collaborate with?

MW
North America, California, United States, San Francisco
Shared Deals: 1
MG
North America, Maryland, United States, Baltimore
Shared Deals: 1
Shared Deals: 1
AB
North America, California, United States
Shared Deals: 1
Daniel Debow
North America, Ontario, Canada, Toronto
Shared Deals: 1
CK
North America, New York, United States, New York
Shared Deals: 2
RN
North America, California, United States, San Francisco
Shared Deals: 1

What are some of recent deals done by Build Ventures?

3D BioFibR

Halifax, Nova Scotia, Canada

3D BioFibR is an advanced bio fiber materials company.

BiotechnologyManufacturingTextiles
SeedJun 4, 2025
Amount Raised: $3,000,000
PayTic

Charlottetown, Prince Edward Island, Canada

Our SaaS helps card issuers and fintech businesses control risk and compliance through digitizing the payments back-office functions.

ComplianceCustomer ServiceFinancial ServicesFinTechPaymentsProductivity ToolsSaaS
SeedApr 8, 2025
Amount Raised: $4,000,000
Tenera

Halifax, Nova Scotia, Canada

Tenera is a hardware, software, real-time ,senior monitoring and analytics platform for safe and healthy living.

Elder CareHealth CareHospitalSoftware
Series UnknownMar 11, 2025
Amount Raised: $7,400,000
Musical AI

Los Angeles, California, United States

Musical AI connects rights holders with AI companies, providing legal licensing, fair compensation, and streamlined model training.

Information TechnologyInternetMusic
SeedFeb 5, 2025
Amount Raised: $1,500,000
TrojAI

Saint John, New Brunswick, Canada

TrojAI provides a comprehensive AI security platform to protect AI/ML applications and infrastructure.

AppsArtificial Intelligence (AI)Cyber SecurityInformation TechnologyMachine LearningSoftwareWeb Development
SeedApr 3, 2024
Amount Raised: $5,750,000
Arcturus

Beverly Hills, California, United States

Arcturus creates HoloSuite, the platform for editing and distribution of volumetric content.

AppsAugmented RealityGamingMobile Apps
Series ANov 16, 2022
Amount Raised: $11,000,000
Curv Health

Toronto, Ontario, Canada

Curv Health is a multidisciplinary virtual clinic that gives healthcare providers the ability to build and run their own practice.

FitnessHealth CareHuman ResourcesWellness
SeedMar 1, 2022
Amount Raised: $4,008,032
Potential Motors

Fredericton, New Brunswick, Canada

Potential Motors builds computer vision software to enable vehicles to go anywhere.

Artificial Intelligence (AI)AutomotiveElectric VehicleEmbedded SystemsMining TechnologyRecreational Vehicles
SeedFeb 11, 2022
Amount Raised: $3,141,073
TrojAI

Saint John, New Brunswick, Canada

TrojAI provides a comprehensive AI security platform to protect AI/ML applications and infrastructure.

AppsArtificial Intelligence (AI)Cyber SecurityInformation TechnologyMachine LearningSoftwareWeb Development
SeedJan 4, 2022
Amount Raised: $2,361,227
Carbide

Sydney, Nova Scotia, Canada

SaaS for SMB to attain and maintain compliance with information security and privacy standards (SOC2, HIPAA, GDPR, CCPA ISO and more).

ComplianceCyber SecurityData GovernanceInformation TechnologySaaSSecuritySoftware
SeedDec 21, 2021
Amount Raised: $4,100,000